But will they?

San Francisco Examiner  print edition | circulation | classifieds | autos | real estate

Thursday, September 17, 2009 | Last Update 8:25 PDT
View today's E-Dition

   





HOME
POLITICS
NATION
LOCAL
WORLD
OPINION
ECONOMY




Opinion



Letters from our Readers: How America first got in this financial mess




September 17, 2009

Reform banking system

One year after the collapse of Lehman Brothers set off a series of federal interventions, the government is the nation’s biggest lender, insurer, automaker and guarantor against risk for investors large and small. Federal spending is a bigger share of the nation’s economy — 26 percent — than at any time since World War II.

Simply funding the banking system without reforming it is an expensive and dangerous game. President Barack Obama and Congress could truly fix things by dividing the Wall Street mega-banks under a new Glass-Steagall Act.

But will they?

Ted Rudow III,MA